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The real truth ... in just one paragraph... prices are down
Hi Samuel, Welcome to the website. I can tell you that in both Nicaragua and Costa Rica many properties are 25%-50% cheaper than one to two years ago. A few owners haven't lowered their prices at all (they don't need or want to sell now) but most have. I agree: there is a lot of supply, and few buyers with cash. Prices could come down even further if the economy continues to be weak. The total volume of actual of sales has dropped over the past year. The number of real estate agents in business has dropped - perhaps by fifty percent. I'm personally not involved in real estate here and don't own any here. I've spoken with owners and sales people and potential buyers and this is how I've come to the conclusion I shared. What have you heard?
Peter, Uvita, Pacific Costa Rica